Cubic Digital Technology (300344.SZ): Received a regulatory attention letter from the Anhui Securities Regulatory Bureau.
23/01/2025
GMT Eight
Cubic Digital Technology (300344.SZ) Announcement: the company received a "Regulatory Attention Letter" from the Anhui Regulatory Bureau of the China Securities Regulatory Commission on January 22, 2025, with the following specific contents:
1. Previously, our bureau issued a "Decision on Ordering Corrective Measures for Cubic Digital Technology Co., Ltd." (Anhui Regulatory Bureau Administrative Supervision Measures Decision No. [2024] 19). The company is requested to conduct a comprehensive self-inspection, rectify business income with non-standard accounting treatment, promptly disclose the progress of rectification, and submit a written rectification report to our bureau within 30 days.
2. According to the performance forecast, the company expects the operating income for 2024 to be between 250 million and 270 million RMB, with a net loss attributable to the parent company of 76 million to 96 million RMB. The company is urged to fully understand the importance and seriousness of the annual report work, strictly comply with the requirements of the Securities Law, truthfully, accurately, completely, and timely prepare and disclose the annual report, and strictly prohibit financial fraud, collusion in fraud, and misconduct that seriously harms the interests of listed companies.
3. From January 10 to 21, 2025, the company's stock price saw a substantial increase for 8 consecutive trading days, with a cumulative increase of 94.57%, and two occurrences of abnormal fluctuations in the stock price. The company is required to conduct a serious self-inspection on matters including but not limited to whether there is a need for correction or supplementation in previous information disclosures, the presence of media reports that have a significant impact on the company's stock trading price, undisclosed material information, significant changes in the company's main business, the normalcy of recent operations, buying and selling of company stock by the controlling shareholder, actual controller, all directors and senior management, and their immediate family members during the period of stock price volatility, the presence of false disclosure, market manipulation, or other illegal actions that disrupt normal market order, etc. The company is required to submit a written report to our bureau by January 24, 2025, and our bureau will take further regulatory measures as necessary.